Core Insights - The Schwab Trading Activity Index (STAX) rose to 48.75 in November, an increase from 48.12 in October, indicating a positive trend in retail investor trading activity [1] Summary by Category Trading Activity - The STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts [1] - The index aims to illuminate actual investor behavior and market positioning on a monthly basis [1] Investor Sentiment - The phrase "Buy the dip and sell the rip" continues to reflect the prevailing sentiment among investors [1]